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He pats the right side of his chest, where the associate alumni fund director left his mark.
For example, only an amendment to the 1940 act can tighten the definition of what makes a fund director independent.
"That memo is a gun pointed right at them," said Mr. Machold, the former New Jersey pension fund director.
"There's a paucity of strong managers," said Burton Greenwald, a mutual fund consultant and independent fund director in Philadelphia.
"You simply cannot parachute into four board meetings per year and call yourself a professional, committed fund director," he said.
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Ben Roberts, BFI Fund director, was delighted with the British showing.
Stephen Deuchar, Art Fund Director, said: "Sir Denis shared our fundamental commitment to widening free public access to art.
Plus The Art Fund director Stephen Deuchar announces the shortlist for the Museum of the Year Prize.
Rockefeller Brothers Fund director Stephen Heintz said dryly that "everyone noted the irony" that a foundation built on oil wealth would now be leading the charge out of fossil fuel.
Scott Ferguson, Laguna Canyon Foundation Conservation Fund director, presented the group's award to John Burton.
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